Equity Lifestyle Properties (NYSE:ELS)‘s stock had its “hold” rating reissued by equities researchers at Robert W. Baird in a research report issued to clients and investors on Monday. They presently have a $95.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 4.10% from the company’s previous close.
ELS has been the topic of several other reports. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, September 21st. BidaskClub raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Evercore ISI raised Equity Lifestyle Properties from an “underperform” rating to an “in-line” rating in a research report on Monday, December 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $94.00 price objective on shares of Equity Lifestyle Properties in a research note on Monday, November 27th. Finally, Citigroup raised their price objective on Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Lifestyle Properties has an average rating of “Hold” and a consensus target price of $88.50.
Shares of Equity Lifestyle Properties (NYSE:ELS) remained flat at $$91.26 during trading hours on Monday. The stock had a trading volume of 227,269 shares, compared to its average volume of 371,646. The firm has a market capitalization of $8,015.98, a PE ratio of 25.93, a PEG ratio of 4.90 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. Equity Lifestyle Properties has a 1 year low of $69.03 and a 1 year high of $91.90.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.34). The firm had revenue of $241.63 million during the quarter, compared to analysts’ expectations of $226.85 million. Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. equities analysts expect that Equity Lifestyle Properties will post 3.58 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of ELS. Advisor Group Inc. raised its stake in shares of Equity Lifestyle Properties by 9.2% in the second quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 125 shares during the period. Quantbot Technologies LP bought a new position in shares of Equity Lifestyle Properties in the third quarter worth about $148,000. Pacad Investment Ltd. bought a new position in shares of Equity Lifestyle Properties in the second quarter worth about $155,000. Parallel Advisors LLC raised its stake in shares of Equity Lifestyle Properties by 3.8% in the second quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 82 shares during the period. Finally, Gofen & Glossberg LLC IL bought a new position in shares of Equity Lifestyle Properties in the second quarter worth about $215,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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